Top Stories

Articles by The Corner

About the Author

The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.
Global financial markets

World economy 28th June 2017

Globalisation Is Not Dead, It Has Just Been ‘Uber-Ed’

The so called populist uprising in the west is a rejection of one aspect of globalisation, the power of the supra-national institutions and their policies. “An alternative system has appeared to offset or undermine the existing one and, it is for the many outside the political class rather than the few inside, “summarises Mark Tinker head of AXA IM Framlington Equities Asia. Technology is offering new platforms to do what the elite used to control.

Siemens Gamesa Merger Results

Equity Reports, EuroStoxx Reports 28th June 2017

Siemens’ Green And Digital Credentials

AlphaValue’s experts are worried about the lack of stocks in the Stoxx600 universe that match the requirement of “post Uber” business models: ones where capital intensity is light, where green is more than a buzzword and where businesses can bank on forever free money. As they comment “somehow, the revamped Siemens fits the bill”. Why?

US jobs data

World economy 27th June 2017

The Fed Becomes a Demoralizing Embarrassment

Benjamin Cole | The U.S. Federal Reserve is tightening its noose on the U.S. economy, despite being below its 2% PCE inflation target, and despite the sluggish wages that define the American job scene: real hourly wages are down in Q1 (the latest reading) and are up 3.1% in the last 10 years.

global productive investment growth

World economy 27th June 2017

Why Is Productive Investment Not Growing More?

J.L.M. Campuzano (Spanish Banking Association) | According to IMF data, the pace of growth of productive investment has slown in economies which are emerging and in the process of developing from levels of 10% in 2010 to 3.6% at the moment.

repsolatardecer

Ibex, Markets 26th June 2017

Repsol: From Trading At A Premium To Trading At A Discount

José Benito de Vega | Moody’s has lifted Repsol’s outlook from negative to stable and confirms long- term debt rating at Baa2. Analysts were expecting this upgrading after Repsol presented a new strategic plan for 2016-2020. In fact, Repsol’s stock price performance has revalued 11%, less than the Ibex, but a lot higher than the Stoxx 600 Oil & Gas (-1%).

NATO's military

World economy 26th June 2017

Russia: Trump Will Make That Country Great Again

Xavier Colás (Moscow) | Although NATO is an alliance based on the sum of military power, emotions count for something in the day by day of the organisation. For the Russian president, NATO is another of the US’ foreign policy tools, where there are no allies “but just vassal states”.